Nehal Chokshi

Eric Martinuzzi

Maxwell Michaelis

- A class action lawsuit has been commenced against Quantum Corporation, with a class period from **November 15, 2024**, to **August 18, 2025**.  **[709283_b105914eadc34f029d117f91638872a2_1]** 
- The lawsuit alleges that Quantum Corporation improperly recognized revenue during the fiscal year ended **March 31, 2025**, which would require a restatement of its financial statements for the fiscal third quarter ended **December 31, 2024**.  **[709283_b105914eadc34f029d117f91638872a2_1]** 
- The lead plaintiff deadline for investors to petition the court is **November 3, 2025**.  **[709283_b105914eadc34f029d117f91638872a2_1]**

Quantum Corporation Faces Class Action Lawsuit Over Alleged Improper Revenue Recognition

-   **Quantum Corporation (QMCO)** faces a class action lawsuit alleging **improper revenue recognition** during the fiscal year ended March 31, 2025, which would necessitate a restatement of its Q3 2024 financial statements. The lead plaintiff deadline is **November 3, 2025**.  **[709283_44a68773c6f7405b8155f8d92642cd75_0]** 
-   **Tronox Holdings PLC (TROX)** is subject to a class action alleging the company was **ill-equipped to forecast demand** for its products and promoted unrealistic margin projections. The lead plaintiff deadline is **November 3, 2025**.  **[709283_44a68773c6f7405b8155f8d92642cd75_0]** 
-   **Savara Inc. (SVRA)** faces a class action due to allegations that its MOLBREEVI BLA **lacked sufficient information**, making FDA approval unlikely and increasing the need for additional capital. The lead plaintiff deadline is **November 7, 2025**.  **[709283_44a68773c6f7405b8155f8d92642cd75_0]** 
-   **Fly-E Group, Inc. (FLYE)** is involved in a class action alleging it **minimized risks** associated with its lithium battery, supply chain, and regulatory environment while praising its business. The lead plaintiff deadline is **November 7, 2025**.  **[709283_44a68773c6f7405b8155f8d92642cd75_1]**

Lead Plaintiff Deadlines Announced for Class Actions Against Quantum, Tronox, Savara, and Fly-E Group

- A class action lawsuit has been filed against **Quantum Corporation (NASDAQ: QMCO)**.  **[709283_315aff9cb6a94d91abb5d21a37b75ced_0]** 
- The complaint alleges that Quantum improperly recognized revenue during the fiscal year ended **March 31, 2025**, and would consequently need to restate its previously filed financial statements for the fiscal third quarter ended **December 31, 2024**.  **[709283_315aff9cb6a94d91abb5d21a37b75ced_0]** 
- The class period for the lawsuit is **November 15, 2024 – August 18, 2025**, and the lead plaintiff deadline is **November 3, 2025**.  **[709283_315aff9cb6a94d91abb5d21a37b75ced_0]**

Class Action Lawsuit Filed Against Quantum Corporation

- Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been commenced against **Quantum Corporation (NASDAQ:QMCO)**.  **[709283_d94da61a6a3242e2957caf385c5dbf03_1]** 
- The lawsuit alleges that Quantum Corporation improperly recognized revenue during the fiscal year ended **March 31, 2025**, and would need to restate its financial statements for the fiscal third quarter ended **December 31, 2024**.  **[709283_d94da61a6a3242e2957caf385c5dbf03_1]** 
- The class period for the lawsuit is from **November 15, 2024, to August 18, 2025**, and the lead plaintiff deadline is **November 3, 2025**.  **[709283_d94da61a6a3242e2957caf385c5dbf03_1]**

Quantum Corporation Faces Class Action Lawsuit

- **Rail Vision Ltd.** signed a non-binding term sheet on **September 30, 2025**, to acquire **51% ownership** of **Quantum Transportation Ltd.**, a quantum computing and AI company specializing in error correction technologies.  **[709283_59f3b1c93ba34e6ba4162e455862c326_0]** 
- This potential acquisition aims to combine quantum-AI based intellectual property with Rail Vision's advanced vision and safety technologies to enhance existing and future product lines, drive innovation, and deliver long-term value.  **[709283_59f3b1c93ba34e6ba4162e455862c326_0]** 
- Under the terms, Rail Vision will issue ordinary shares representing approximately **4.99% of its share capital** to select Quantum Transportation shareholders in exchange for their full holdings.  **[709283_59f3b1c93ba34e6ba4162e455862c326_0]** 
- Additionally, Rail Vision will extend a convertible loan of up to **$700,000** to Quantum Transportation at an **8% annual interest rate**, repayable within **24 months** and convertible into Quantum Transportation's most senior class of shares at Rail Vision's discretion.  **[709283_59f3b1c93ba34e6ba4162e455862c326_0]** 
- The transaction is conditioned on signing definitive agreements and key milestones, and is expected to close within the **next 60 days**, subject to satisfaction of all conditions, including regulatory approvals.  **[709283_59f3b1c93ba34e6ba4162e455862c326_1]**

Rail Vision Signs Term Sheet for Quantum Transportation Acquisition

- Pomerantz LLP has filed a class action lawsuit against **Quantum Corporation (QMCO)** concerning alleged securities fraud or unlawful business practices.  **[709283_20250928DC83468:0]** 
- The lawsuit follows Quantum's disclosures, including the postponement of its Annual Report for a review of **revenue recognition accounting practices**, and a subsequent announcement to restate its **third-quarter 2024 financials** to show a **$3.9 million decrease in revenue**.  **[709283_20250928DC83468:0]** 
- Quantum also reported **material weaknesses** in its internal control over financial reporting and disclosure controls as of December 31, 2024, and March 31, 2025.  **[709283_20250928DC83468:0]** 
- The company's **Chief Financial Officer, Lewis Moorehead, resigned** on August 18, 2025, amidst an internal accounting review related to its revenue recognition practices.  **[709283_20250928DC83468:0]**

Quantum Corporation Faces Class Action Lawsuit Amid Financial Restatement and CFO Resignation

- The Law Offices of Frank R. Cruz reminds investors that a class action lawsuit has been filed against **Quantum Corporation** (NASDAQ: QMCO).  **[709283_a25900424db44d8c8356345a1ddb139c_0]** 
- The class period for the lawsuit is from **November 15, 2024**, to **August 18, 2025**, with a lead plaintiff deadline of **November 3, 2025**.  **[709283_a25900424db44d8c8356345a1ddb139c_0]** 
- The complaint alleges that Quantum **improperly recognized revenue** during the fiscal year ended **March 31, 2025**, and would need to **restate its previously filed financial statements** for the fiscal third quarter ended **December 31, 2024**.  **[709283_a25900424db44d8c8356345a1ddb139c_0]**

Quantum Corp. Faces Class Action Lawsuit

- Quantum Corporation filed its Annual Report on Form 10-K for the fiscal year ended **March 31, 2025**, which includes the results of a review of accounting related to certain revenue contracts and the application of standalone selling price.  **[709283_4a120fa11f6749ae93fd20ea9f372f94_0]** 
- The company announced a **delayed filing** of its Quarterly Report on Form 10-Q for the quarter ended **June 30, 2025**, which was originally due on **August 14, 2025**, to allow time for financial statement finalization and auditor review.  **[709283_4a120fa11f6749ae93fd20ea9f372f94_0]** 
- As a result of the delayed 10-Q, Nasdaq issued a notice on **August 21, 2025**, indicating non-compliance with Nasdaq Listing Rule 5250(c)(1); Quantum must file the 10-Q or submit a compliance plan by **September 15, 2025**.  **[709283_4a120fa11f6749ae93fd20ea9f372f94_0]** 
- The Nasdaq notice has **no immediate impact** on the listing of the company's common stock.  **[709283_4a120fa11f6749ae93fd20ea9f372f94_0]**

QUANTUM CORP /DE/ (QMCO)